Common use of Standard Reporting Clause in Contracts

Standard Reporting. Company must deliver the following reports (the “Standard Reports”) to Lender within the time periods specified below: (i) As directed by L▇▇▇▇▇, Company must either (A) complete and submit L▇▇▇▇▇’s online financial data questionnaire (each, a “Monthly Questionnaire”) within 15 days after the end of each month, which fully and accurately reports the information requested by L▇▇▇▇▇ about the most recently completed month or if requested by L▇▇▇▇▇, (B) provide automated online access (read only) to a third-party online accounting software system designated by Lender enabling Lender to view Company’s accounts receivable, accounts payable, profit and loss, balance sheet, and other financial information; (ii) Company’s annual consolidated financial statements (balance sheet, cash flow statement and income statement), detailed on a monthly basis, which will be audited by a third party accounting firm reasonably acceptable to Lender (the “Financial Statements”) and prepared in all Material respects, in accordance with GAAP, within 120 days after the end of each fiscal year of Company; (iii) Copies of Company’s monthly consolidated Financial Statements as of the end of such month, prepared by Company, in all Material respects, in accordance with GAAP, except for the omission of footnotes and subject to normal year-end adjustments, within 30 days after the end of such month; (iv) Company’s tax returns within 10 days of filing with the applicable taxing authority; (v) Aged accounts receivable and accounts payable reports and inventory reports, in each case, on a quarterly basis within 30 days after the end of the applicable quarter; (vi) Company’s operating budget (including balance sheet, cash flow statement and income statement), detailed on a monthly basis, and which shall include a separate capital expenditure budget and forecast; (vii) Copies of any Material notices to or from any other lender to Company; and (viii) Lender’s annual compliance survey within 30 days after Company receives the survey from Lender.

Standard Reporting. Company must deliver the following reports (the “Standard Reports”) to Lender within the time periods specified below: (i) As directed by L▇▇▇▇▇, Company must either (A) complete and submit L▇▇▇▇▇’s online financial data questionnaire (each, a “Monthly Questionnaire”) within 15 days after the end of each month, which fully and accurately reports the information requested by L▇▇▇▇▇ about the most recently completed month or if requested by L▇▇▇▇▇, (B) provide automated online access (read only) to a third-party online accounting software system designated by Lender enabling Lender to view Company’s accounts receivable, accounts payable, profit and loss, balance sheet, and other financial information; (ii) Company’s annual consolidated financial statements (balance sheet, cash flow statement and income statement), detailed on a monthly basis, which will be audited by a third party accounting firm reasonably acceptable to Lender (the “Financial Statements”) and prepared in all Material respects, in accordance with GAAP, within 120 90 days after the end of each fiscal year of Company; (iii) Copies of Company’s consolidated and consolidating quarterly Financial Statements for the periods requested, prepared by Company in all Material respects, in accordance with GAAP, except for the omission of footnotes and subject to normal year-end adjustments, within 30 days after the end of the applicable quarter; (iv) Copies of Company’s monthly consolidated and consolidating Financial Statements as of the end of such month, prepared by Company, in all Material respects, in accordance with GAAP, except for the omission of footnotes and subject to normal year-end adjustments, within 30 days after the end of such the applicable month; (ivv) Company’s tax returns within 10 days of filing with the applicable taxing authority; (vvi) Aged accounts receivable and accounts payable reports and inventory reports, in each case, on a quarterly basis within 30 days after the end of the applicable quarter; (vivii) Company’s operating budget (including balance sheet, cash flow statement and income statement), detailed on a monthly basis, and which shall include a separate capital expenditure budget and forecastforecast at least 30 days before the end of the Company’s then current fiscal year; (viiviii) Copies of any Material notices to or from any other lender to Company promptly after Company’s receipt or delivery thereof; and (viiiix) Lender’s annual compliance survey within 30 days after Company receives the survey from Lender.

Standard Reporting. Company must deliver the following reports (the “Standard Reports”) to Lender within the time periods specified below: (i) As directed by L▇▇▇▇▇, Company must either (A) complete and submit L▇▇▇▇▇’s online financial data questionnaire (each, a “Monthly Questionnaire”) within 15 days after the end of each month, which fully and accurately reports the such information requested by L▇▇▇▇▇ about the most recently completed month month, which information shall be subject to audit review and adjustment, or if requested by L▇▇▇▇▇, (B) provide automated online access (read only) to its QuickBooks or other accounting software system through a third-party online accounting software system designated by service provider acceptable to Lender (such as C▇▇▇▇.▇▇) enabling Lender to view Company’s accounts receivable, accounts payable, profit and loss, balance sheet, and other financial information; (ii) Company’s annual audited consolidated financial statements (balance sheet, cash flow statement and income statement), detailed on a monthly basis, which will be audited by a third party Company’s accounting firm reasonably acceptable to Lender (the “Audited Financial Statements”) and prepared in all Material material respects, in accordance with GAAP, within 120 10 days of Company receiving the Audited Financial Statements; (iii) Company’s annual internally prepared consolidated financial statements (balance sheet, cash flow statement, and income statement), detailed on a monthly basis and prepared in accordance with GAAP due within 90 days after the end of each fiscal year of Company(the “Financial Statements”); (iiiiv) Copies of Company’s monthly consolidated quarterly Financial Statements as of the end of such month, prepared by Company’s accounting firm, in all Material material respects, in accordance with GAAP, except for the omission of footnotes and subject to normal year-end adjustments, adjustments due within 30 60 days after the end of such montheach fiscal quarter; (ivv) Company’s tax Tax returns within 10 days of filing with the applicable taxing Taxing authority; (v) Aged accounts receivable and accounts payable reports and inventory reports, in each case, on a quarterly basis within 30 days after the end of the applicable quarter; (vi) Company’s operating budget (including balance sheet, cash flow statement and income statement), detailed on a monthly basis, and which shall include a separate capital expenditure budget and forecast; (vii) Copies of any Material notices to or from any other lender to Company; and (viii) Lender’s annual compliance survey within 30 days after Company receives the survey from Lender; and (vii) All of Company’s required SEC filings.